សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម
Thai-Cambodia agricultural zones set for establishment
Cambodia and Thailand have agreed to set up specialised agricultural export zones along the border inside Cambodia in a bid to curb any suspension of cross-border trade from Thailand, as well as to achieve a 30 per cent increase in bilateral trade year-on-year, commerce official ...
World Bank Raises GDP Outlook for 2012
The World Bank yesterday raised Cambodia’s gross domestic product outlook for 2012 by 0.1 percent to 6.6 percent, saying that last year’s flooding and the global economic slowdown did not affect Cambodia’s economy as much as first expected. According to the World Bank’s East Asia and ...
Trade with Malaysia up as exporters look East
Bilateral trade between Cambodia and ASEAN member state Malaysia rose by 34 per cent year on year in 2011 to US$319.5 million compared to the year before, according to data from the Embassy of Malaysia in Phnom Penh released yesterday. Experts noted the nearly 100 per ...
International interest in Cambodian sugar
Sweet news for Cambodian palm-sugar farmers: 10 international companies are keen to import their produce, one of the Kingdom’s signature products. Sam Saroeun, president of the Kampong Speu Palm Sugar Promotion Association, said that after an exhibition in South Korea earlier this month, several international importers ...
Rail looks for new funding
It’s a nearly 300-kilometre stretch of rail in disrepair. More than 60 bridges – some crumbling, some dotted with landmines at the base – lie on the line between the towns of Bat Deong, northwest of Phnom Penh, and Sisophan near the Thai border. The ...
http://www.phnompenhpost.com/index.php/2012052356314/Business/rail-looks-for-new-funding.html
Credit in Banking Sector Surpasses $4B in 2011
Loan disbursals in Cambodia’s banking sector increased by 33 percent to more than $4 billion last year, as credit to the housing market and agricultural sector saw the largest amount of growth, the National Bank of Cambodia (NBC) said in its annual report, released yesterday. While ...
Capital port delayed until early next year
Quashing hopes of opening the Phnom Penh Port for the high trade season that begins in July, the port’s director said the pace of construction would push the official launch date into next year. ...
Standards out for tourism officials
Housekeeping and front offices at hotels around Cambodia are set to change as the country prepares to adopt regional standards that all ASEAN nations are trying to put in place. The draft document on housekeeping and front-office standards, and related training courses, had been finalised by Tourism ...
Cambodia, Thailand to Partner on Border Zone
In an effort to bolster bilateral trade, Commerce Minister Cham Prasidh and his Thai counterpart, Boonsong Teriyapirom, agreed in Bangkok on Sunday to establish a special economic border zone, Thai media reported yesterday. Though it remained unclear when or where the zone would be set up, ...
First life insurance company launches in Cambodia
The Kingdom’s first life insurance company, Cambodian Life, launched yesterday, courting a market almost entirely unfamiliar with the service. Industry insiders said demand for the products would need time to grow. The establishment of Cambodian Life in the Kingdom would develop confidence in the market and ...
http://www.phnompenhpost.com/index.php/2012052256297/Business/life-insurance-opens-doors.html
Gold vendors rally to free compatriots
Three Banteay Meanchey gold vendors accused of buying stolen goods were arrested yesterday then released four hours later after about 200 fellow gold sellers demonstrated on their behalf outside Mongkol Borei district police headquarters. The district governor personally intervened and mediated the release, district police chief ...
MOUs to tighten Chinese trade ties
Cambodia’s Power Partner Profit Group has signed 10 memoranda of understanding with Chinese companies for cooperation on agriculture, mineral resources and electronics. Insiders said the penning of the MoUs, which do not guarantee a final agreement, was another step toward realising a US$5 billion bilateral trade ...
Private Firms Approach Cambodia’s Bourse With Caution
When it became the first—and still the only—company to list on Cambodia’s stock market on April 18, the Phnom Penh Water Supply Authority saw its share price shoot up some 50 percent on its first day of trading before beginning two weeks of steady decline. Since ...
As Soldiers Leave Kratie Village, Problems Remain
After a three-day blockade, soldiers pulled out over the weekend from the Kratie province village where a teenage girl was shot dead last week by government security forces, officials said yesterday. However, human rights workers denied a report by a provincial official that freedom of ...
Cambodian, Chinese firms sign co-op MOUs
PHNOM PENH – Cambodian and Chinese firms on Friday signed a number of memorandums of understanding (MOUs) on business cooperation in the fields of agriculture, mineral resources, food, garment, and electronic products. ...
http://www.chinadaily.com.cn/business/2012-05/19/content_15337371.htm
Svay Rieng Court Questions Victims in SEZ Shooting Case
The Svay Rieng Provincial Court on Friday questioned three female factory workers who were shot, allegedly by Bavet City Governor Chhouk Bundith, during a protest inside a special economic zone (SEZ) in February, the plaintiffs said. More than 20 union leaders and labor activists also gathered ...
UK to open investment office
The United Kingdom Trade and Investment Office would establish a permanent branch in Phnom Penh in the expectation that economic ties between the two countries would continue to grow, Cambodian and UK officials said yesterday. Bilateral trade has risen by 300 per cent during the past ...
http://www.phnompenhpost.com/index.php/2012051856232/Business/uk-to-open-investment-office.html
British companies eye on Cambodia on education, construction and finance services
Considering the growth potential of US$400-million worth in bilateral trade between the United Kingdom and Cambodia for the past five years, the British Trade and Investment office plans to establish its permanent branch in Phnom Penh. British companies are eyeing investment opportunities in education, construction and ...
Fewer Pig Imports Send Pork Prices Upward
Growing demand for pork on the Thai market since March has lead to an increase in the price of live pigs in Cambodia, as Thai farmers reduce the amount of live pigs exported to Cambodia in order to fuel local demand, officials said yesterday. ...
Appeal Begins in Cambodia-Related Fraud Case
An appeal hearing in South Korea involving the CEOs behind two major property projects in Cambodia involved in a massive fraud scandal is scheduled to begin today, an official at the court in Seoul said. In February, a Seoul court sentenced a raft of executives of ...
Cambodian Rice Exports Fall Short of Government Hopes
Cambodia’s rice exports in 2012 may fall significantly compared to last year, due to high fuel prices, soaring logistics costs and high prices. According to local sources, Cambodian rice shipments to Europe this month are at a $200 markup per container over those from Thailand and ...
Strategy for ventures: convince yourself
One of the two partners who have created Cambodia’s leading food and beverage company, with 22 outlets, says business is not merely about money, but more about finding a need and serving the need. Kouch Sokly says entrepreneurs need to find out what the market needs ...
Kratie Demonstration Area Sealed as Police Arrest Leaders
Authorities in Kratie province have denied entry to journalists and rights workers to the site of violent land clashes that led to the death of a teenage girl on Wednesday. Rights workers say they fear for the safety of villagers in Broma village, but police say ...
Slow outlook for 2012 rice exports
Rapidly increasing logistics costs and low regional rice prices would hinder Cambodia’s rice-export target this year, with one expert saying that milled-rice exports could fall to half of last year’s shipments. The cost of shipping rice to Europe climbed by more than 50 per cent between ...